Ireland’s Medium-Term Growth Prospects: a Phoenix Rising?

Nicholas Crafts

The Economic and Social Review, 2014, vol. 45, issue 1, 87-112

Abstract: This paper considers Ireland’s growth prospects through 2030. Real GDP growth averaging 3 per cent per year is possible but will require a stronger labour productivity growth performance than is currently projected by OECD. Success depends on a favourable external environment and would be jeopardised by a return to the pre-crisis “bubble economy” but can be underpinned by exploiting the remaining scope for catch-up growth. “Appropriate growth theory” provides a useful lens through which to review Ireland’s growth policy and performance as a “close-to-frontier” economy and this underlines the importance of further strengthening and rationalising innovation policies.

Keywords: economic growth; economic forecasting; Ireland (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eso:journl:v:45:y:2014:i:1:p:87-112

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